Singular Research's Private Client Webinar 10/27 at 12pm PDT
Wednesday, October 27 at 9 am PDT
Join us for a private client webinar with CEO Kevin Roycraft of Adams Resources & Energy, Inc. (AE) on Wednesday, October 27 at 12 pm PDT. There will be an opportunity for 1 on 1s with Kevin Roycraft from 12:30 to 3 pm PDT.
Adams Resources & Energy is primarily engaged in the business of crude oil marketing, transportation, and storage, and tank truck transportation of liquid chemicals and dry bulk through its two wholly owned subsidiaries GulfMark Energy, Inc. and Service Transport Company. Q2:21 results were strong driven by a continued improvement in the economic backdrop, including increased demand for crude oil and a higher price environment. The outlook for crude oil remains positive till 2022 which bodes well for AE. We decrease our target price to $38.50 (earlier $39.75) and maintain our rating at BUY.
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